PRESENTED BY

K.SHAJITHA MCOM(CA)., M.phil.,

Economic progress creates various side effects like Climate change Environmental damage Massive use of energy .etc Loss of Biodiversity Banking sector are the major source of financing industrial projects. Indian banks have a major role and responsible for the economic development and environmental protection India is the world sixth largest and second fastest growing country in terms of producing green houses gases.

Major polluting Industries:

Primary

metallurgical industries Paper & pulp Pesticides & Insecticides Refines Fertilizers Tanneries Sugar Textiles Chemicals

Banks are Embracing Environment protection

as

part of their Socially responsibility With a missionary zeal to protect mother earth As a drive towards socially responsible banking. Therefore,they

Shift fromProfit,profit,profit motive to Planet,people,and profitmotive

 Involves

in promoting environmental and social responsibility Financing for an environmental friendly projects Providing loan to a projects only when environmental safety standards are followed Mutually benificial to banks,industries and economy.

Avoids paper work Loans at comparatively lesser rates Fewer letters to open No cheque book No paper based marketing Solar powered ATM Setting up windmills Green home loans Giving green awards Engaging local communities on Eco related issues Mobilising funds to invest in companies to meet global standards

 Green

Mortgages Green Loans Green credit cards Green saving account Green checking account Green certificate of deposits Green money market accounts Remote deposits

GREEN LOAN

Process of buying Energy efficient home for low interest rate than market rate Energy efficient home includes: Solar hot water heater Solar cooling system Weather proofing solar panels etc Allows home buyer to get additional 15% of price of their house

Availed to install Energy Efficiency Appliances at home such as Updating old fridge to a new energy efficient Availing skylights facility To purchase green car etc

Transactions securely online with lowest rate of return and risk

Any time access and withdrawals

Qualified direct deposits per month Receiving electronic statements

GREEN MONEY MARKET ACCOUNT

Paying bill online

Using green card recycled cheque books Saves gas and prevent air pollution on physical transporatation

Can earn higher checking rate

Instruments issued for predetermined period Fixed interest rates Also called term deposit Higher investments higher interest rate

Instruments issued for predetermined period

Fixed

interest rates Also called term deposit Higher investments higher interest rate

 Qualified

direct deposits per month Receiving electronic statements Paying bill online Using green card recycled cheque books Saves gas and prevent air pollution on physical transporatation Can earn higher checking rate

 Issued

from an online bank Offers incentives, cash bonuses, rewards and airlines miles for their expensive purchases. Remote Deposits Digital scanning and process of cheques No delivering of cheque physically for deposit Easily clear cheques digitally.

 Avoids

paper work,all transaction through

online Creating Awareness to business people about Environmental friendly business practice Less interest for loan. Making business people to change their business to Environmental friendly

GREEN BANKING IN INDIA:

STATE BANK OF INDIA:

State Bank of India is one of the greenest banks in the world SBI launches Green Channel Counter facility in India at 51branches. paperless 'Green Banking' for deposit,

need not fill up any pay-in slips or draw cheque for depositing or withdrawing money

The bank installed a 15-MW wind farm near Coimbatore for the initiatives such as maximum use of natural lighting and recycled water. concessional rates of interests for green projects.Green Housing or Green Home is one of the types of projects Offering 0.25% concession in interest rate and waiver of processing fees.

COOPERATIVE BANK

Water Micro-watershed development and post-watershed development,

Forestry Farm and social forestry, nursery, fodder cultivation, etc. Fertilisers Promotion of organic fertiliser (green manure) and conversion of waste into organic manure, Pesticides to prevent water pollution and soil degradation. Renewable energy energy conservation Bio-energy like Bio-gas and smokeless wood burning stoves for conservation of fossil fuels like kerosene and firewood. Use of animal waste and kitchen waste for producing Methane gas mostly for cooking at houses and for community purposes. Housing Rural housing, which is cost effective and promotes use of local resources less dependence on cement, steel, etc.

INDUSIND BANK

With the solar-powered ATM, the bank expects to save around 1,980 Kw introduced thin computing (which reduces the need for many personal computers), e-archiving, e-learning, e-waste management, paperless fax, energy conservation.

They

ICICI
Clean Coal Technology: protects the atmosphere from high ash which is highly polluted and also it is the first Bank which demonstrated the concept of coal bed methane in India. Zero emission vehicles: Designed the first passenger electric car in country and also drives to manufacture electric 3 wheelers in India. Finance for innovative product: Eco friendly air conditioner with the consumption of 35% power when compared to ordinary AC.

Yes Bank
Initiatives such as clean and green drives, Energy efficiency practices, workplace health and safety Development of local disaster management plans through its "Yes Community" initiatives. UNION BANK OF INDIA Undertakes electrical energy audit annually Installed solar water heaters

CONCLUSION:

public should be made aware of the benefits of green banking movements. Financial institution and banks should be educated on green banking technology. Government should insist on the financial institutions and bankers to adhere to the green banking regulation. More provision and rules should be set up by government to enhance green banking movements. Overall Green banking is really a good way for people to get more awareness about global warming, each businessman will contribute a lot to the environment and make this earth a better place to live.